Việt Nam News

Việt Nam’s tuna exports to China have risen sharply this year but exports to traditional markets like the US, EU and Japan have fallen, according to the industry association.

Prime Minister Nguyễn Xuân Phúc urged ministries to hasten the process of drafting decrees providing guidelines for investment and business activities, under Dispatch 789/TTg-PL that he signed last weekend.

Vietnamese shares rose on both local markets yesterday, beating the earlier forecast as energy stocks benefited from higher oil prices.

Bình Sơn Refining and Petrochemical Co (BSR), which operates and manages Dung Quất Oil Refinery, has asked the Ministry of Finance for permission to calculate the petrol selling price themselves.

It was critical for Việt Nam to tighten natural resources consumption tax policies to improve budget collection from exploitation activities, while a number of resources were facing exhaustion, experts said.

The Electricity of Viet Nam (EVN)’s wholesale electricity prices sold to its power corporations in 2016 would be increased by two to five per cent over last year.

 Ignoring current stock market regulations - and continuous urging from the community of investors - the two largest brewers in Việt Nam.

Many kinds of Vietnamese products are favoured by Australian customers, but their export turnover (to the Australian market) remains meagre, it was reported at a seminar on business and investment opportunities in the Australian market held in HCM City last week.

The southern province of Đồng Nai generated more than US$4.7 billion from exports in the past four months, up 5 per cent year-on-year, according to the provincial People’s Committee.

The real estate market in HCM City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association has said.

The price of fruit in the Cửu Long (Mekong) Delta has risen recently as the impact of drought and salination has caused fruit output to decline while demand has increased.

As of April 2016, Singaporean businesses have 1,600 projects in Việt Nam, capitalized at approximately US$36.3 billion, ranking third among 114 countries and territories investing in the country, statistics from the Foreign Investment Agency (FIA) revealed.

Saigon Securities Inc (SSI) officials said they saw potential growth of the domestic stock market in the next two quarters of this year.

Vietnamese shares yesterday again closed mixed on the two local exchanges, erasing gains made earlier during the day while a recent sharp increase in oil prices boosted energy stocks.

Cement and clinker consumption in the country grew over 15 per cent, to 24 million tonnes, from the beginning of this year, meeting 32 per cent of the year’s target.

The sustainable development of the cashew industry will require replacement of old trees with high-quality seedlings, transfer of advanced farming techniques, and intercropping methods, the Department of Crop Production has said.

Amid growing concerns in Việt Nam about unsafe food, many foreign and local firms are exploring opportunities to produce safe food in the country.

Regulations banning the use of profits from property alienation to cover losses in other businesses discourage property firms from expanding their investments and make tax policies seem unfair, experts said.